Bramshill Investments LLC Acquires Shares of 50,076 Blue Owl Capital Co. (NYSE:OBDC)

Bramshill Investments LLC acquired a new position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 50,076 shares of the company's stock, valued at approximately $757,000.

Several other institutional investors also recently bought and sold shares of OBDC. Tower Research Capital LLC TRC lifted its stake in shares of Blue Owl Capital by 9.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company's stock worth $197,000 after acquiring an additional 1,083 shares in the last quarter. Sound Income Strategies LLC raised its position in shares of Blue Owl Capital by 6.4% in the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company's stock valued at $45,727,000 after purchasing an additional 182,002 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Blue Owl Capital by 7.7% during the 4th quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company's stock valued at $36,843,000 after buying an additional 174,759 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Blue Owl Capital by 11.2% during the third quarter. Franklin Resources Inc. now owns 742,041 shares of the company's stock worth $11,116,000 after buying an additional 74,959 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of Blue Owl Capital in the fourth quarter worth $814,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Blue Owl Capital news, Director Chris Temple acquired 15,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were bought at an average price of $14.80 per share, with a total value of $222,000.00. Following the purchase, the director now directly owns 51,000 shares of the company's stock, valued at approximately $754,800. This trade represents a 41.67 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.11% of the company's stock.

Analyst Upgrades and Downgrades

OBDC has been the subject of several research analyst reports. Citizens Jmp raised shares of Blue Owl Capital to a "strong-buy" rating in a research report on Monday, February 3rd. Wells Fargo & Company cut their price objective on Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Keefe, Bruyette & Woods decreased their target price on Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. JMP Securities reiterated an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Finally, Royal Bank of Canada decreased their price objective on shares of Blue Owl Capital from $17.00 to $16.00 and set an "outperform" rating for the company in a report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Blue Owl Capital has a consensus rating of "Moderate Buy" and a consensus price target of $15.93.

Blue Owl Capital Stock Performance

NYSE:OBDC traded up $0.02 during mid-day trading on Friday, hitting $13.90. The stock had a trading volume of 2,160,929 shares, compared to its average volume of 2,573,636. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. The company has a 50 day simple moving average of $14.18 and a 200-day simple moving average of $14.79. The stock has a market capitalization of $7.10 billion, a price-to-earnings ratio of 9.09 and a beta of 0.71. Blue Owl Capital Co. has a 52 week low of $12.11 and a 52 week high of $16.91.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The business had revenue of $464.65 million during the quarter, compared to analyst estimates of $457.88 million. On average, research analysts expect that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.65%. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, June 30th. Blue Owl Capital's payout ratio is 96.73%.

About Blue Owl Capital

Blue Owl Capital Corporation is a business development company. It specializes in direct and fund of fund investments. The fund makes investments in senior secured, direct lending or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and preferred stocks also pursues preferred equity investments, first lien, unitranche, and second lien term loans and common equity investments.